Palm (PALM) Director Sell 107K Shares After Exercising Options
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Palm, Inc. (Nasdaq: PALM) Director, Gordon Cambell, disclosed the sale of 106,939 shares of PALM common shares on 6/29 at $15.84/share, following the exercising of options on the exact same number of shares at prices from $2.21-$5.46. Cambell's remaining direct holding in the company following the sale is "zero" shares.
The options had Expiration Dates between 10/28/2013 and 09/12/2014.
Shares of PALM have seen a meteoric rise this year due to the successful development and launch of the new Palm Pre smartphone. The stock is up an amazing 436% YTD.
Cambell has been a director of Palm since since September 1999.
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